SSTC 8 Bed Mid Terraced House 

Albemarle Crescent, Scarborough £200,000

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Contact Details:

Property Features

Location:
Albemarle Crescent, Scarborough, YO11 1XS
Bedrooms: 8

Contact Agent

Andrew Cowen Estate Agents, Scarborough

Tel: 01723 377707
info@andrewcowen.com

Property Photos

About the Property

+++Andrew Cowen are delighted to offer to the market this fantastic opportunity to purchase a prime and iconic town centre freehold which currently generates approx. £100,000pa between the three properties on offer (Attenborough House, 12 Albemarle Crescent and 16 Albemarle Crescent). Or alternatively the property offers the opportunity to convert back into its former glory […]

  • MID TERRACED HOUSE
  • CURRENTLY USED AS A HMO
  • POTENTIAL TO BECOME A GUEST HOUSE OR LARGE FAMILY HOUSE
  • FIRE REGS IN PLACE
  • TOWN LOCATION
  • CLOSE TO AMENITIES AND PUBLIC TRANSPORT LINKS

Property Details

Description

We feel this is a fantastic opportunity to purchase a prime and iconic town centre freehold which currently generates approx. £100,000pa between the three properties on offer (Attenborough House, 12 Albemarle Crescent and 16 Albemarle Crescent).
+++ATTENTION INVESTORS - CURRENTLY RUN A SUCCESFUL 8 BEDROOMED HMO - TOWN CENTRE LOCATION - FIRE REGULATIONS IN PLACE+++

This substantial TOWN CENTRE property, very close to amenities including; a selection of eateries, convenience stores, the TOWN CENTRE SHOPPING PARADE and public transport links 'in our opinion' would make the perfect PROJECT or current INVESTMNENT OPPORTUNITY for a wide range of individuals.

Currently utilised for student and trainee doctor accommodation we feel this property offers masses of potential to the market. The property also offers the opportunity for an individual or builder to revert the building back to its former glory of a fantastic and spacious residential family home.

Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. Albemarle Chambers is located on the corner of Westborough and Albemarle Crescent at the start of the pedestrianised area, a prime location opposite the Brunswick Centre. Other users nearby include; Halifax, Waterstones, Santander, Weatherspoons, Boots and Yorkshire Building Society.

The property is close to many local amenities including; a selection of eateries, convenience stores, the TOWN CENTRE SHOPPING PARADE and public transport links. This property would be the perfect PROJECT for a builder, developer or investor. Equal distance from the North and South bay BEACHES providing lovely areas to walk, explore and relax.

Income Information:
12 Albemarle Crescent (£200,000) currently generates approximately £23,040 pa gross on a let of 36 weeks per year.
16 Albemarle Crescent (£200,000) currently generates approximately £23,040 pa gross on a let of 36 weeks per year.
Attenborough House (£600,000) has the potential to generate £61,440 pa gross on a let of 32 weeks per year. On average over the 'normal' years, it has generated £53,000 on a let of 32 weeks per year.
Mews Cottage (£75,000) generates £5,100 pa gross on a let of 52 weeks per year.

Contact our Sales Team today for further information.

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